Industry
Insurance carriers should consider covering the security risks of Bitcoin exchanges’ electronic storage, while a buildup of gases such as acetylene in electrical transformers could indicate faults that could lead to equipment failure, speakers said at the recent Annual Engineering Insurance Conference (AEIC). Ethan Wilding, project member for the Ethereum computer programming language and Resident […]
By Canadian Underwriter | October 10, 2014
3 min read
ST. JOHN’S, N.L. – A panel has been appointed to study the impacts of hydraulic fracturing in western Newfoundland. Natural Resources Minister Derrick Dalley says the five-member panel will review the socio-economic and environmental implications of fracking. Dalley announced the review in August, saying the results of an internal government analysis on fracking came back […]
By The Canadian Press | October 10, 2014
1 min read
Crawford & Company and CSL Group have agreed to “network” their global marine capabilities to offer a more comprehensive and flexible range of specialist marine services to their markets. Among other countries, the new relationship will strengthen Crawford’s ability to handle marine claims in North America, according to a statement from the firm issued Friday. “Our relationship […]
2 min read
Ellen Moore, president and CEO of Chubb Insurance Company of Canada, is among the recipients of this year’s Catalyst Canada Honours, which recognizes leadership and commitment to advancing women. Founded in 1962, Catalyst is a nonprofit organization expanding opportunities for women and business, and has operations in the United States, Canada, Europe, India, Australia, and Japan, […]
By Canadian Underwriter | October 9, 2014
Lloyd’s of London has approved reinsurance broker Reasinter as its first coverholder in Mexico. “Coverholders are companies or partnerships authorised by a managing agent to enter into a contract or contracts of insurance to be underwritten by the members of a syndicate managed by it in accordance with the terms of a binding authority,” Gabriel Anguiano, […]
Guy Carpenter has has announced the launch of a new cyber privacy and network protection offering for small- and medium-sized companies. The offering is provided by Ridge Insurance Solutions Company, a new Lloyd’s Managing Agency led by Tom Ridge, the first United States Secretary of Homeland Security and the 43rd governor of Pennsylvania, as chairman. It is underwritten by five […]
By Canadian Underwriter | October 8, 2014
Four years after British Columbia started allowing wood frame buildings of up to six storeys in height, the Ontario government will start doing the same thing next year. The Ontario Ministry of Municipal Affairs and Housing recently announced that, starting Jan. 1, 2015, builders will be allowed to construct wood frame buildings of up to […]
CAMBRIDGE, Ont. – Canada’s technology hub is looking to emerge as a prized fighter in the battle against corporate hackers, but one of its biggest challenges may be winning over a business community reluctant to ramp up their own protection. A group of companies in the Waterloo, Ont. region is making headway in an industry […]
5 min read
Cunningham Lindsey Canada Claims Services announced Tuesday the launch of its new global Third Party Administration (TPA) service called inTrust. Though Cunningham Lindsey has successfully delivered local TPA services, the firm’s clients are increasingly demanding global solutions, Rob Seal, the company’s president and CEO noted in the announcement. “The creation of inTrust means Cunningham Lindsey […]
By Canadian Underwriter | October 7, 2014
Willis North America, has appointed Brian Parsons as national partner and CEO of Willis Canada, the company announced Tuesday. Parsons is joining Willis after spending 22 years with Marsh Canada, where he held a variety of leadership roles, most recently as the national practice leader for Marsh’s Mining Practice. In his new role, Parsons will […]
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